China Merchants invests US$4.5 million on Tianjin terminal
China Merchants Holdings (International), the flagship of China Merchants Group, and one of the top three global operators of public container terminals, will invest in Tianjin terminal for berth construction, reports Xinhua.
The China Merchants Group has recently signed an agreement with Tianjin Port to help develop its logistics and container businesses.
According to the agreement, China Merchants will invest CNY3.5 billion (US$4.5 million) to build four new berths for containerships. Each berth is to have a handling capacity of 600,000 to 700,000 TEU.
It is believed that China's trade market can maintain a double-digit growth in the years to come. Therefore, with the rapid growth of foreign trade, the investment in container terminals will have considerable returns, sources told Xinhua.
The China Merchants Group has recently signed an agreement with Tianjin Port to help develop its logistics and container businesses.
According to the agreement, China Merchants will invest CNY3.5 billion (US$4.5 million) to build four new berths for containerships. Each berth is to have a handling capacity of 600,000 to 700,000 TEU.
It is believed that China's trade market can maintain a double-digit growth in the years to come. Therefore, with the rapid growth of foreign trade, the investment in container terminals will have considerable returns, sources told Xinhua.
